Despite the fact it's in good condition, it could use some updating and TLC.The home can be purchased for $349,900, and the seller will do a wrap on his existing first mortgage.

Now the bank wants to keep my earnest money if I can't close by Friday and I will loose a great property.I was stupid and didn't use the financing escape clause and did the contract with Cash although the letter of credit states that it is based upon property condition, appraisal etc, I also put an clause in for subject to inspection and appraisal meeting buyers approval.

Does your tenant's "move-in" condition form include them?

I will find an lawyer.

Vik- You dont need cash to buy a short sale unless condition is a grave issue.

Moya's lawyer may find something in the law books to get him out of it (like waiver under sick company, etc)

hello everyone, i must say to all thanks for your honest opinions. after taking a serious look at my post for needing a mentor i guess i have to say i agree with all of you.theres just to much of me wanting something, but not willing to give in return (i honestly didn't know my post would come across like this, honestly)but anyway i guess the real reason why i needed a mentor was because i was just to scared to do it alone, but now i'm no longer scared so the whole need a mentor before i get started thing is no longer an issue. plus i've been building my team (like: lawyer, CPA, brokers, mortgage brokers and etc) and there all sort of like specialized mentors/advisor's anyway (and we all benefit from working with each other) plus i found out you have to find joy and happiness in the unknown, another words you have to enjoy the journey not just your final destination (your end dream), this will allow you to get out there and just learn as you go in anything you do.

Given that you're a long way away, and aren't familiar (sounds like) with US real estate practice, a lawyer might be worth the money.

Duplex is in good condition. 2 stories with large kitchens and living rooms.

Spend carefully, get a second job and get your credit to A+++ condition.